The United States and Iran have agreed to extend their ceasefire for 60 days while nuclear talks proceed, potentially ending 107 days of conflict. According to reporting from Axios, the deal—mediated by Pakistan and Qatar—includes a framework to reopen the Strait of Hormuz, the strategic waterway that handles roughly one-fifth of the world's oil and liquefied natural gas. President Trump announced the lifting of the naval blockade, while Iran committed to reopening the strait for shipping. The formal agreement is expected to be signed Friday in Switzerland. The real work ahead: negotiating the technical details of Iran's nuclear program during the two-month window. Full normalization and sanctions relief depend on progress at the nuclear table—a far more complex problem than the diplomatic breakthrough itself.

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